If we were to a make a list of things that are currently overshadowing today’s Riksbank decision, the list would include at least this morning’s stellar Non-Farm Payrolls Report, the ECB meeting, and the long Independence Day weekend for U.S. traders.

U.S. stocks fell for the first time in four days after Google Inc. reported lower-than-estimated earnings. The yen weakened, while Spain’s bonds rose as the nation raised more than planned at a debt sale.